Download This PaperLimited Liability Partnership as Advantage to Small Business: Indian Scenario
National Seminar, 'Emerging Issues in Commerce and Managment', February 5-6, 2010
19 Pages Posted: 1 Feb 2010
Date Written: February 1, 2010
Abstract
Limited Liability Partnership Act was introduced in India after recommendations of various committees in 2008. The form, while beneficial to professional firms, is actually not very helpful to small businesses. This is a blend of the provisions of Companies Act & Partnership Act. LLP in India seems to be more similar to Limited company but with advantages of partnership act. This research paper aims to point out the significance of Limited liability Partnership in India with respect to its benefits & nature.
Keywords: Limited Liability Partnership, Partners, Liability, Business
Suggested Citation: Suggested Citation